Amazon is one of the leading e-commerce players in the world. It is expected to generate sales of more than $100 billion in the first quarter of 2021. In 2020, Amazon’s annual revenue was $386 billion with a 38% increase in sales when compared to the previous year.

The latest news related to an Ecommerce app like Amazon

• Since Amazon is planning to eliminate carbon emission from its business operations by 2040, it has planned to increase its electric vehicle delivery fleet from 10,000 to 25,000 by joining hands with Mahindra Electric.
• In partnership with leading banks like Axis Bank and ICICI Bank and fintech companies like Pine Labs and BillDesk, Amazon plans to form a “New Umbrella Entity” (NUE) for quick settlement of digital payments.
• The e-commerce platform has helped Balaramapuram weavers affected by the onslaught of Covid-19. 400 workers have registered with Amazon to sell their handloom products.
• It launched a cloud service named Amazon Lookout for Vision that automatically detects defects in manufactured products.
• Amazon Go that consists of a group of convenience stores in the USA has generated more interest from Americans as they prefer a cashier-less shopping experience by utilizing the benefits of artificial intelligence.

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